Transparency Market Research has recently published a new research report made available on the company website. The 177-page research report, titled “Wireless Intercom Market - Asia Pacific (APAC) Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” offers a detailed analysis of the market, focusing on the major growth drivers and barriers in the market.As per the research study, in 2014, the Asia Pacific wireless intercom market generated revenue of US$403.70 mn and is projected to reach US$1,134.82 mn by the end of 2023. The market is estimated to register a 12.30% CAGR between 2015 and 2023.
Browse the full Wireless Intercom (By End-user - Small and Medium Enterprises (SMEs) and Large Enterprises; By Industry Vertical - Retail, Event Management, Hospitality, Security and Surveillance, Transportation and Logistics and Others; By Technology - Wi-Fi, Radio Frequency, Others; By Price - By Dealership, By End-User) Market - Asia Pacific (APAC) Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/asia-pacific-wireless-intercom-market.html
On the basis of volume, in 2014, the Asia Pacific market for wireless intercom stood at 2.64 mn units and is projected to reach 6.69 mn units by the end of 2023, exhibiting a healthy 11% CAGR between 2015 and 2023.
The development in infrastructure in Asia Pacific, owing to the growth in the urban population, is anticipated to augment the demand for robust communication and security solutions in the coming years. This will result in significant growth of the wireless intercom market in this region. Communication for surveillance and security purposes will be a high-growth area in the market. The use of wireless intercom assists in reducing initial installation costs associated with conventional communication technologies by annulling the wiring requirement. In addition, wireless intercom offers privacy throughout the conversation with the help of multiple channels and advanced encryption techniques. Wireless intercom also helps security authorities to enhance communications with the additional advantage of mobility.
By application/end-use, the Asia Pacific market for wireless intercom has been categorized into hospitality, transportation and logistics, event management, security and surveillance, retail, and others. In 2014, the security and surveillance segment dominated the market, accounting for a 24.9% share in the overall market as most infrastructure facilities in this region make use of wireless intercoms in order to monitor crowds. On the other hand, the transportation and logistics segment is expected to witness significant growth in the wireless intercom market in Asia Pacific throughout the forecast period.
By technology, the Asia Pacific market for wireless intercom has been classified into Wi-Fi, radio frequency, and others. In 2014, the radio frequency segment led the market, holding an 81% share in the overall market, owing to the easily available and cost-efficiency of this technology. Among the major geographical segments, in 2014, the rest of Asia Pacific segment dominated the market, holding a 39.8% share in the wireless intercom market in Asia Pacific. This segment bears a high adoption rate owing to the rapid development of industrial complexes, commercial infrastructure, and special economic zones.
Furthermore, the research report studies the competitive landscape of the wireless intercom market in Asia Pacific, focusing on the profiles of the major players operating in the market. In addition, the financial status, business strategies, recent news and developments, and SWOT analysis of these players have also been included in the research report. Some of the prominent players mentioned in the research study are Sena Technologies, Inc., Commend International GmbH, Clear-Com Ltd., RTS Intercom, Zenitel Group, Panasonic Corporation, Riedel Communications GmbH & Co. KG, and Telephonics Corporation.
Key Segments of the Wireless Intercom Market:
Wireless Intercom Market, By Application/End-Use Industry
Wireless Intercom Market, By Technology
Wireless Intercom Market, By Price
Wireless Intercom Market, By Geography
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